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India's wheat harvest defies market speculation

Gulf Today

|

May 29, 2025

A strong wheat harvest in India is rapidly replenishing stocks, meaning the country will be able to meet domestic demand without imports this year, contrary to market talk that it would need overseas supplies, and a potential drag on global prices.

India banned exports of the staple in 2022 and extended the prohibition as extreme heat shrivelled crops again in 2023 and 2024, draining reserves, pushing prices to record highs and fuelling speculation it would need imports for the first time since 2017. But things are improving for the world's No.2 wheat producer, with early state inventory purchases signalling that this year's crop is about 4 million tons bigger than last year's, six industry and government officials said.

"After barely scraping through without imports in recent years, the country finally seems to be out of the woods and free from the fear of having to import wheat," said Amit Takkar, chief of New Delhi-based farm consultancy Conifer Commodities. The Food Corporation of India, the state stockpiler, has bought 29.7 million metric tons of new-season wheat from domestic farmers - the most in four years - after missing procurement targets for three consecutive years.

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Gulf Today

Gulf Today

Budget challenge for Reeves gets even bigger as borrowing surges

Britain's borrowing has shot past the official forecasts that underpin the government's tax and spending plans, compounding the already big challenge facing finance minister Rachel Reeves in her November budget.

time to read

3 mins

September 22, 2025

Gulf Today

1,000 govt, private sector leaders to grace Dubai event

Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Mohammed Bin Rashid Leaders Forum will open on Wednesday at the Dubai World Trade Centre (DWTC).

time to read

1 min

September 22, 2025

Gulf Today

Gulf Today

Group launches manufacturing hub to build over 150 industries

India's Rana Group has launched Erisha Smart Manufacturing Hub that will see the development of 150 large industries at Al Ghail Indudtrial Area in Ras Al Khaimah in the next five years.

time to read

2 mins

September 22, 2025

Gulf Today

UAE seeks to increase number of startups to over 2 million

Abdullah Bin Touq Al Marri, Minister of Economy and Tourism, affirmed that startups and entrepreneurs constitute a fundamental pillar in the UAE's economic growth journey, noting that the country aims to increase the number of companies to more than two million by 2031.

time to read

1 min

September 22, 2025

Gulf Today

Gulf Today

Amorim calls for Man.United to keep up their sense of urgency

Manchester United manager Ruben Amorim said his side must match the level of urgency they showed against Chelsea on Saturday if they are to keep on winning.

time to read

1 mins

September 22, 2025

Gulf Today

Peace with Lebanon and Syria 'possible'

Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel's war with Lebanese group Hizbollah had created the possibility for peace with neighbouring Lebanon and Syria.

time to read

1 min

September 22, 2025

Gulf Today

Council calls for unified global efforts to end wars

The Muslim Council of Elders called for unified international efforts to halt all conflicts and wars that have claimed tens of thousands of lives around the world.

time to read

1 mins

September 22, 2025

Gulf Today

Switzerland's Reusser powers to world time trial title

Marlen Reusser made a golden breakthrough on Sunday as she claimed the women’s time trial at the cycling World Championships in Kigali.

time to read

2 mins

September 22, 2025

Gulf Today

Gulf Today

ADTD wraps up roadshow in India

The Ajman Department of Tourism Development (ADTD) has concluded a five-day roadshow in India as part of its efforts to expand the emirate’s presence in international markets, particularly India, a key emerging tourism market.

time to read

1 min

September 22, 2025

Gulf Today

Gulf Today

Dubai Integrated Economic Zones Authority trade up 19% at Dhs336b

The Dubai Integrated Economic Zones Authority (DIEZ) achieved record growth in its total trade across the three economic zones in 2024, reaching a value of Dhs336 billion, a 19% increase compared to 2023. DIEZ also achieved a 13.7% share of Dubai's non-oil trade, its highest-ever contribution to date, sustaining growth for the fourth straight year.

time to read

3 mins

September 22, 2025

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